Life Policy ProvisionsQuestion 158 of 315
If an applicant misstates their age on a life insurance application and the error is discovered after death, what action does the misstatement-of-age provision require?
a.The policy is voided and premiums refunded
b.The full face amount is paid regardless of the misstatement
c.The benefit is adjusted to the amount the paid premium would have purchased at the correct age
d.The insurer denies the claim outright
Explanation
Under the misstatement-of-age (and sex) provision, the policy is not voided. Instead, the death benefit is adjusted to the amount that the actual premium paid would have purchased had the correct age (or sex) been used at issue.
Law Reference: Cal. Ins. Code §10113Practice all 315 questions free — no signup required.
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Sen Lin, PrepPass Founder · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)